Shares of AGCO Corporation (NYSE:AGCO – Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $98.22 and last traded at $99.5720, with a volume of 1153378 shares. The stock had previously closed at $98.45.
Wall Street Analyst Weigh In
AGCO has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $135.00 price target (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley lowered their price objective on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Wells Fargo & Company dropped their target price on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $120.33.
View Our Latest Report on AGCO
AGCO Trading Up 1.1%
AGCO (NYSE:AGCO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, analysts predict that AGCO Corporation will post 5.58 EPS for the current year.
AGCO Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. AGCO’s dividend payout ratio is presently 16.60%.
Insider Activity
In other AGCO news, Director Lange Bob De purchased 1,000 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the transaction, the director directly owned 18,717 shares in the company, valued at $1,884,989.07. This represents a 5.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the sale, the insider directly owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Lombard Odier Asset Management Europe Ltd bought a new position in shares of AGCO in the 2nd quarter worth $230,000. Empowered Funds LLC bought a new stake in AGCO in the second quarter valued at about $1,035,000. United Capital Financial Advisors LLC bought a new stake in AGCO in the second quarter valued at about $288,000. Public Employees Retirement System of Ohio acquired a new position in AGCO in the second quarter valued at about $2,216,000. Finally, Capstone Investment Advisors LLC acquired a new position in AGCO in the second quarter valued at about $1,589,000. Institutional investors and hedge funds own 78.80% of the company’s stock.
About AGCO
AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.
The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.
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